Crypto a 'flawed system': BIS
The Bank for International Settlements (BIS) said Tuesday that decentralized cryptocurrencies are a "flawed system" and instead supported the development of a centralized alternative.
Jun 20, 2023
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Business
News tagged with financial system
Engineering
Researchers examine ways to help drivers to see clearly on the road
Every year, sun glare contributes to around 3,000 crashes in the United States. FAMU-FSU College of Engineering researchers are helping to mitigate this problem by examining what drivers are likely to do when faced with sun ...
Jun 15, 2023
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Business
ChatGPT: How to use AI as a virtual financial adviser
From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?
Apr 25, 2023
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Business
How a digital pound could work alongside cryptocurrencies
Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest ...
Feb 24, 2023
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Internet
Study details scale of human labor needed to keep 'the cloud' aloft
The representation of cloud technology as an automated realm powered by ethereal data flows fails to do justice to the exhaustive human effort that is required to keep the data centers behind it running.
Nov 30, 2022
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Business
Is the digital dollar coming soon?
The United States is considering issuing a digital dollar, which would be backed by the nation's central bank and could help reinforce the U.S. role as a leader in the world financial system. Several financial institutions, ...
Nov 21, 2022
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Computer Sciences
Three questions about quantum computing and secure communications
A radically different type of computing technology under development, known as quantum computing, could in theory decode secure communications and jeopardize military communications, critical infrastructure, and financial ...
Sep 15, 2022
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Business
Cryptocurrency must be made less energy intensive to protect the planet
Cryptocurrency mining must be less energy intensive to limit the impact on the climate, according to a new report from the Imperial College London Business School.
Sep 5, 2022
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Business
Bank of England: Crypto crashes show need for tougher rules
The Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations
Jul 5, 2022
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Consumer & Gadgets
Terra's stablecoin flop raises questions about regulatory role
The spectacular plunge and trading halts of the algorithmic stablecoin TerraUSD are touching off a debate among lawmakers over whether, and how much, the government should get involved.
May 17, 2022
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